Dividend Yield (TTM)
3.10%
vs 5Y avg 3.62% · 10Y avg 3.28% · price: vendor quote
Dividend Yield (Forward)
6.24%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.60
Forward (annualized): $1.20
Payout Ratio (EPS, TTM)
44.4%
Payout Ratio (FCF, TTM)
38.9%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.9%5Y10.1%10Y6.3%
Consecutive Growth Years
9
as of 2025
Years Without a Cut
9
as of 2025
Total Shareholder Yield (TTM)
12.19%
Div 6.16% + Net buyback 6.03%
Growth, streak and CAGR figures exclude special dividends.
Statement cash flows converted from the reporting currency at each fiscal year's average rate (vendor forex_rate).
Dividends per share
Cash dividends, split-adjusted · USD
Payout ratio
Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.
Dividend yield
Trailing-twelve-month dividends ÷ month-end price.
Capital returns
Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.
Total Shareholder Yield (TTM)
12.2%
Dividends 6.2% + Net buybacks 6.0%
Net Buyback (TTM)
€925M
Gross €925M − Issuance €0
SBC (TTM)
€443M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (4.7% latest vs 10.6% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.17 | +4.7% | 1 | |
| 2024 | 1.12 | +5.0% | 1 | |
| 2023 | 1.06 | +5.0% | 1 | |
| 2022 | 1.01 | +21.8% | 1 | |
| 2021 | 0.8314 | +15.1% | 1 | |
| 2020 | 0.7224 | +10.0% | 1 | |
| 2019 | 0.6568 | +13.6% | 1 | |
| 2018 | 0.5781 | +7.6% | 1 | |
| 2017 | 0.5374 | +6.5% | 1 | |
| 2016 | 0.5047 | -20.6% | 1 | |
| 2015 | 0.636 | +1.7% | 1 | |
| 2014 | 0.6252 | +10.1% | 1 | |
| 2013 | 0.5676 | +10.0% | 1 | |
| 2012 | 0.516 | +17.3% | 1 | |
| 2011 | 0.44 | +10.0% | 1 |
Special dividends are excluded from these figures. Based on 148 regular payments.
Payment history (148 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-11 | $0.3 | 0.0% | Cash | quarterly | - | 2026-03-11 | 2026-04-01 |
| 2025-12-11 | $0.3 | +3.7% | Cash | quarterly | - | 2025-12-11 | 2026-01-02 |
| 2025-09-10 | $0.2894 | 0.0% | Cash | quarterly | - | 2025-09-10 | 2025-10-01 |
| 2025-06-11 | $0.2894 | 0.0% | Cash | quarterly | - | 2025-06-11 | 2025-07-02 |
| 2025-03-12 | $0.2894 | 0.0% | Cash | quarterly | - | 2025-03-12 | 2025-04-02 |
| 2024-12-11 | $0.2894 | +5.0% | Cash | quarterly | - | 2024-12-11 | 2025-01-02 |
| 2024-09-11 | $0.2756 | 0.0% | Cash | quarterly | - | 2024-09-11 | 2024-10-02 |
| 2024-06-12 | $0.2756 | 0.0% | Cash | quarterly | - | 2024-06-12 | 2024-07-03 |
| 2024-03-12 | $0.2756 | 0.0% | Cash | quarterly | - | 2024-03-13 | 2024-04-03 |
| 2023-12-12 | $0.2756 | +5.0% | Cash | quarterly | - | 2023-12-13 | 2024-01-04 |
| 2023-09-12 | $0.2625 | 0.0% | Cash | quarterly | - | 2023-09-13 | 2023-10-04 |
| 2023-06-13 | $0.2625 | 0.0% | Cash | quarterly | - | 2023-06-14 | 2023-07-05 |
| 2023-03-07 | $0.2625 | 0.0% | Cash | quarterly | - | 2023-03-08 | 2023-04-05 |
| 2022-12-13 | $0.2625 | +5.0% | Cash | quarterly | - | 2022-12-14 | 2023-01-04 |
| 2022-09-13 | $0.25 | 0.0% | Cash | quarterly | - | 2022-09-14 | 2022-10-05 |
| 2022-06-07 | $0.25 | 0.0% | Cash | quarterly | - | 2022-06-08 | 2022-07-06 |
| 2022-03-08 | $0.25 | 0.0% | Cash | quarterly | - | 2022-03-09 | 2022-04-06 |
| 2021-12-07 | $0.25 | +29.0% | Cash | quarterly | - | 2021-12-08 | 2022-01-05 |
| 2021-09-07 | $0.1938 | 0.0% | Cash | quarterly | - | 2021-09-08 | 2021-10-06 |
| 2021-06-08 | $0.1938 | 0.0% | Cash | quarterly | - | 2021-06-09 | 2021-07-07 |
| 2021-03-09 | $0.1938 | 0.0% | Cash | quarterly | - | 2021-03-10 | 2021-04-07 |
| 2020-12-08 | $0.1938 | +10.0% | Cash | quarterly | - | 2020-12-09 | 2021-01-06 |
| 2020-09-08 | $0.1762 | 0.0% | Cash | quarterly | - | 2020-09-09 | 2020-10-07 |
| 2020-06-09 | $0.1762 | 0.0% | Cash | quarterly | - | 2020-06-10 | 2020-07-01 |
| 2020-03-10 | $0.1762 | 0.0% | Cash | quarterly | - | 2020-03-11 | 2020-04-01 |
| 2019-12-10 | $0.1762 | +10.0% | Cash | quarterly | - | 2019-12-11 | 2020-01-02 |
| 2019-09-10 | $0.1602 | 0.0% | Cash | quarterly | - | 2019-09-11 | 2019-10-02 |
| 2019-06-11 | $0.1602 | 0.0% | Cash | quarterly | - | 2019-06-12 | 2019-07-03 |
| 2019-03-12 | $0.1602 | 0.0% | Cash | quarterly | - | 2019-03-13 | 2019-04-03 |
| 2018-12-12 | $0.1602 | +15.0% | Cash | quarterly | - | 2018-12-13 | 2019-01-02 |
| 2018-09-11 | $0.1393 | 0.0% | Cash | quarterly | - | 2018-09-12 | 2018-10-03 |
| 2018-06-12 | $0.1393 | 0.0% | Cash | quarterly | - | 2018-06-13 | 2018-07-05 |
| 2018-03-13 | $0.1393 | 0.0% | Cash | quarterly | - | 2018-03-14 | 2018-04-04 |
| 2017-12-12 | $0.1393 | +5.0% | Cash | quarterly | - | 2017-12-13 | 2018-01-03 |
| 2017-09-12 | $0.1327 | 0.0% | Cash | quarterly | - | 2017-09-13 | 2017-10-04 |
| 2017-06-12 | $0.1327 | 0.0% | Cash | quarterly | - | 2017-06-14 | 2017-07-05 |
| 2017-03-06 | $0.1327 | 0.0% | Cash | quarterly | - | 2017-03-08 | 2017-04-05 |
| 2016-12-12 | $0.1327 | +7.0% | Cash | quarterly | - | 2016-12-14 | 2017-01-04 |
| 2016-09-12 | $0.124 | 0.0% | Cash | quarterly | - | 2016-09-14 | 2016-10-05 |
| 2016-06-13 | $0.124 | 0.0% | Cash | quarterly | - | 2016-06-15 | 2016-07-06 |
| 2016-03-07 | $0.124 | 0.0% | Cash | quarterly | - | 2016-03-09 | 2016-04-06 |
| 2015-12-07 | $0.124 | -29.5% | Cash | quarterly | - | 2015-12-09 | 2016-01-06 |
| 2015-09-04 | $0.176 | 0.0% | Cash | quarterly | - | 2015-09-09 | 2015-10-07 |
| 2015-06-08 | $0.176 | +10.0% | Cash | quarterly | - | 2015-06-10 | 2015-07-01 |
| 2015-03-09 | $0.16 | 0.0% | Cash | quarterly | - | 2015-03-11 | 2015-04-01 |
| 2014-12-08 | $0.16 | 0.0% | Cash | quarterly | - | 2014-12-10 | 2015-01-07 |
| 2014-09-08 | $0.16 | 0.0% | Cash | quarterly | - | 2014-09-10 | 2014-10-01 |
| 2014-06-09 | $0.16 | +10.2% | Cash | quarterly | - | 2014-06-11 | 2014-07-02 |
| 2014-03-10 | $0.1452 | 0.0% | Cash | quarterly | - | 2014-03-12 | 2014-04-02 |
| 2013-12-09 | $0.1452 | 0.0% | Cash | quarterly | - | 2013-12-11 | 2014-01-02 |
| 2013-09-09 | $0.1452 | 0.0% | Cash | quarterly | - | 2013-09-11 | 2013-10-02 |
| 2013-06-10 | $0.1452 | +10.0% | Cash | quarterly | - | 2013-06-12 | 2013-07-03 |
| 2013-03-11 | $0.132 | 0.0% | Cash | quarterly | - | 2013-03-13 | 2013-04-03 |
| 2012-12-10 | $0.132 | 0.0% | Cash | quarterly | - | 2012-12-12 | 2013-01-02 |
| 2012-09-10 | $0.132 | 0.0% | Cash | quarterly | - | 2012-09-12 | 2012-10-03 |
| 2012-06-11 | $0.132 | +10.0% | Cash | quarterly | - | 2012-06-13 | 2012-07-05 |
| 2012-03-12 | $0.12 | 0.0% | Cash | quarterly | - | 2012-03-14 | 2012-04-04 |
| 2011-12-12 | $0.12 | 0.0% | Cash | quarterly | - | 2011-12-14 | 2012-01-04 |
| 2011-09-12 | $0.12 | 0.0% | Cash | quarterly | - | 2011-09-14 | 2011-10-05 |
| 2011-06-13 | $0.12 | +50.0% | Cash | quarterly | - | 2011-06-15 | 2011-07-06 |
| 2011-03-14 | $0.08 | 0.0% | Cash | quarterly | - | 2011-03-16 | 2011-04-06 |
| 2010-12-13 | $0.08 | 0.0% | Cash | quarterly | - | 2010-12-15 | 2010-12-30 |
| 2010-09-13 | $0.08 | 0.0% | Cash | quarterly | - | 2010-09-15 | 2010-10-06 |
| 2010-06-17 | $0.08 | 0.0% | Cash | quarterly | - | 2010-06-19 | - |
| 2010-06-14 | $0.08 | 0.0% | Cash | quarterly | - | 2010-06-16 | - |
| 2010-03-15 | $0.08 | 0.0% | Cash | quarterly | - | 2010-03-17 | 2010-04-07 |
| 2009-12-14 | $0.08 | 0.0% | Cash | quarterly | - | 2009-12-16 | 2010-01-06 |
| 2009-09-14 | $0.08 | 0.0% | Cash | quarterly | - | 2009-09-16 | 2009-10-07 |
| 2009-06-08 | $0.08 | 0.0% | Cash | quarterly | - | 2009-06-10 | 2009-07-01 |
| 2009-03-09 | $0.08 | 0.0% | Cash | quarterly | - | 2009-03-11 | 2009-04-01 |
| 2008-12-15 | $0.08 | 0.0% | Cash | quarterly | - | 2008-12-17 | 2009-01-07 |
| 2008-09-08 | $0.08 | 0.0% | Cash | quarterly | - | 2008-09-10 | 2008-10-01 |
| 2008-06-09 | $0.08 | 0.0% | Cash | quarterly | - | 2008-06-11 | 2008-07-02 |
| 2008-03-10 | $0.08 | 0.0% | Cash | quarterly | - | 2008-03-12 | 2008-04-02 |
| 2007-12-10 | $0.08 | 0.0% | Cash | quarterly | - | 2007-12-12 | 2008-01-02 |
| 2007-09-10 | $0.08 | 0.0% | Cash | quarterly | - | 2007-09-12 | 2007-10-03 |
| 2007-06-11 | $0.08 | 0.0% | Cash | quarterly | - | 2007-06-13 | 2007-07-05 |
| 2007-03-12 | $0.08 | 0.0% | Cash | quarterly | - | 2007-03-14 | 2007-04-04 |
| 2006-12-11 | $0.08 | 0.0% | Cash | quarterly | - | 2006-12-13 | 2007-01-03 |
| 2006-09-11 | $0.08 | 0.0% | Cash | quarterly | - | 2006-09-13 | 2006-10-04 |
| 2006-06-12 | $0.08 | 0.0% | Cash | quarterly | - | 2006-06-14 | 2006-07-05 |
| 2006-03-13 | $0.08 | 0.0% | Cash | quarterly | - | 2006-03-15 | 2006-04-05 |
| 2005-12-12 | $0.08 | 0.0% | Cash | quarterly | - | 2005-12-14 | 2006-01-04 |
| 2005-09-12 | $0.08 | 0.0% | Cash | quarterly | - | 2005-09-14 | 2005-10-05 |
| 2005-06-13 | $0.08 | 0.0% | Cash | quarterly | - | 2005-06-15 | 2005-07-06 |
| 2005-03-14 | $0.08 | 0.0% | Cash | quarterly | - | 2005-03-16 | 2005-04-07 |
| 2004-12-13 | $0.08 | 0.0% | Cash | quarterly | - | 2004-12-15 | 2005-01-05 |
| 2004-09-13 | $0.08 | 0.0% | Cash | quarterly | - | 2004-09-15 | 2004-10-06 |
| 2004-06-14 | $0.08 | 0.0% | Cash | quarterly | - | 2004-06-16 | 2004-07-07 |
| 2004-03-15 | $0.08 | 0.0% | Cash | quarterly | - | 2004-03-17 | 2004-04-07 |
| 2003-12-15 | $0.08 | 0.0% | Cash | quarterly | - | 2003-12-17 | 2004-01-07 |
| 2003-09-15 | $0.08 | 0.0% | Cash | quarterly | - | 2003-09-17 | 2003-10-08 |
| 2003-06-16 | $0.08 | 0.0% | Cash | quarterly | - | 2003-06-18 | 2003-07-09 |
| 2003-03-17 | $0.08 | 0.0% | Cash | quarterly | - | 2003-03-19 | 2003-04-09 |
| 2002-12-16 | $0.08 | 0.0% | Cash | quarterly | - | 2002-12-18 | 2003-01-08 |
| 2002-09-16 | $0.08 | 0.0% | Cash | quarterly | - | 2002-09-18 | 2002-10-09 |
| 2002-06-17 | $0.08 | 0.0% | Cash | quarterly | - | 2002-06-19 | 2002-07-10 |
| 2002-03-04 | $0.08 | 0.0% | Cash | quarterly | - | 2002-03-06 | 2002-04-10 |
| 2001-12-17 | $0.08 | 0.0% | Cash | quarterly | - | 2001-12-19 | 2002-01-09 |
| 2001-09-17 | $0.08 | 0.0% | Cash | quarterly | - | 2001-09-19 | 2001-10-10 |
| 2001-06-18 | $0.08 | 0.0% | Cash | quarterly | - | 2001-06-20 | 2001-07-11 |
| 2001-03-19 | $0.08 | 0.0% | Cash | quarterly | - | 2001-03-21 | 2001-04-11 |
| 2000-12-18 | $0.08 | -50.0% | Cash | quarterly | - | 2000-12-20 | 2001-01-10 |
| 2000-09-18 | $0.16 | 0.0% | Cash | quarterly | - | 2000-09-20 | 2000-10-11 |
| 2000-06-19 | $0.16 | 0.0% | Cash | quarterly | - | 2000-06-21 | 2000-07-12 |
| 2000-03-20 | $0.16 | 0.0% | Cash | quarterly | - | 2000-03-22 | 2000-04-12 |
| 1999-12-20 | $0.16 | 0.0% | Cash | quarterly | - | 1999-12-22 | 2000-01-12 |
| 1999-09-20 | $0.16 | 0.0% | Cash | quarterly | - | 1999-09-22 | 1999-10-13 |
| 1999-06-21 | $0.16 | 0.0% | Cash | quarterly | - | 1999-06-23 | 1999-07-14 |
| 1999-03-22 | $0.16 | 0.0% | Cash | quarterly | - | 1999-03-24 | 1999-04-14 |
| 1998-12-21 | $0.16 | 0.0% | Cash | quarterly | - | 1998-12-23 | 1999-01-13 |
| 1998-09-21 | $0.16 | 0.0% | Cash | quarterly | - | 1998-09-23 | 1998-10-14 |
| 1998-06-22 | $0.16 | +14.3% | Cash | quarterly | - | 1998-06-24 | 1998-07-15 |
| 1998-03-23 | $0.14 | 0.0% | Cash | quarterly | - | 1998-03-25 | 1998-04-15 |
| 1997-12-22 | $0.14 | 0.0% | Cash | quarterly | - | 1997-12-24 | 1998-01-14 |
| 1997-09-22 | $0.14 | 0.0% | Cash | quarterly | - | 1997-09-24 | 1997-10-15 |
| 1997-06-16 | $0.14 | +16.7% | Cash | quarterly | - | 1997-06-18 | 1997-07-09 |
| 1997-03-24 | $0.12 | 0.0% | Cash | quarterly | - | 1997-03-26 | 1997-04-16 |
| 1996-12-20 | $0.12 | 0.0% | Cash | quarterly | - | 1996-12-24 | 1997-01-15 |
| 1996-09-23 | $0.12 | -50.0% | Cash | quarterly | - | 1996-09-25 | 1996-10-16 |
| 1996-06-17 | $0.24 | +20.0% | Cash | quarterly | - | 1996-06-19 | 1996-07-10 |
| 1996-03-18 | $0.2 | 0.0% | Cash | quarterly | - | 1996-03-20 | 1996-04-10 |
| 1995-12-18 | $0.2 | 0.0% | Cash | quarterly | - | 1995-12-20 | 1996-01-10 |
| 1995-09-18 | $0.2 | 0.0% | Cash | quarterly | - | 1995-09-20 | 1995-10-11 |
| 1995-06-19 | $0.2 | -33.3% | Cash | quarterly | - | 1995-06-21 | 1995-07-12 |
| 1995-03-16 | $0.3 | 0.0% | Cash | quarterly | - | 1995-03-22 | 1995-04-12 |
| 1994-12-15 | $0.3 | 0.0% | Cash | quarterly | - | 1994-12-21 | 1995-01-11 |
| 1994-09-15 | $0.3 | 0.0% | Cash | quarterly | - | 1994-09-21 | 1994-10-12 |
| 1994-06-16 | $0.3 | +20.0% | Cash | quarterly | - | 1994-06-22 | 1994-07-13 |
| 1994-03-17 | $0.25 | 0.0% | Cash | quarterly | - | 1994-03-23 | 1994-04-13 |
| 1993-12-16 | $0.25 | 0.0% | Cash | quarterly | - | 1993-12-22 | 1994-01-12 |
| 1993-09-16 | $0.25 | 0.0% | Cash | quarterly | - | 1993-09-22 | 1993-10-13 |
| 1993-06-17 | $0.25 | +25.0% | Cash | quarterly | - | 1993-06-23 | 1993-07-14 |
| 1993-03-18 | $0.2 | 0.0% | Cash | quarterly | - | 1993-03-24 | 1993-04-14 |
| 1992-12-17 | $0.2 | 0.0% | Cash | quarterly | - | 1992-12-23 | 1993-01-13 |
| 1992-09-17 | $0.2 | 0.0% | Cash | quarterly | - | 1992-09-23 | 1992-10-14 |
| 1992-06-18 | $0.2 | 0.0% | Cash | quarterly | - | 1992-06-24 | 1992-07-15 |
| 1992-03-19 | $0.2 | +60.0% | Cash | quarterly | - | 1992-03-25 | 1992-04-15 |
| 1991-12-20 | $0.125 | 0.0% | Cash | quarterly | - | 1991-12-27 | 1992-01-15 |
| 1991-09-19 | $0.125 | 0.0% | Cash | quarterly | - | 1991-09-25 | 1991-10-16 |
| 1991-06-13 | $0.125 | 0.0% | Cash | quarterly | - | 1991-06-19 | 1991-07-10 |
| 1991-03-14 | $0.125 | +19.0% | Cash | quarterly | - | 1991-03-20 | 1991-04-10 |
| 1990-12-19 | $0.105 | 0.0% | Cash | quarterly | - | 1990-12-26 | 1991-01-16 |
| 1990-09-20 | $0.105 | 0.0% | Cash | quarterly | - | 1990-09-26 | 1990-10-17 |
| 1990-06-14 | $0.105 | 0.0% | Cash | quarterly | - | 1990-06-20 | 1990-07-11 |
| 1990-03-15 | $0.105 | 0.0% | Cash | quarterly | - | 1990-03-21 | 1990-04-11 |
| 1989-12-14 | $0.105 | 0.0% | Cash | quarterly | - | 1989-12-20 | 1990-01-10 |
| 1989-09-14 | $0.105 | – | Cash | quarterly | - | 1989-09-20 | 1989-10-11 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.